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CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Net product sales $ 249,172 $ 5,468 $ 576,622 $ 14,934
Sanofi collaboration revenue 145,042 79,802 319,035 249,577
Bayer HealthCare collaboration revenue 26,701 10,094 48,308 33,698
Technology licensing 5,893 5,893 17,679 18,966
Contract research and other 879 1,576 2,231 5,672
Total revenues 427,687 102,833 963,875 322,847
Expenses:        
Research and development 158,295 127,924 444,530 400,465
Selling, general, and administrative 46,883 32,916 153,016 80,912
Cost of goods sold 20,145 450 54,286 1,227
Total expenses 225,323 161,290 651,832 482,604
Income (loss) from operations 202,364 (58,457) 312,043 (159,757)
Other income (expense):        
Investment income 517 715 1,628 2,750
Interest expense (11,413) (4,061) (33,809) (11,827)
Total other income (expense) (10,896) (3,346) (32,181) (9,077)
Income (loss) before income taxes 191,468 (61,803) 279,862 (168,834)
Income tax (expense) benefit    (562)    517
Net income (loss) 191,468 (62,365) 279,862 (168,317)
Net income (loss) per share - basic $ 2.02 $ (0.68) $ 2.97 $ (1.87)
Net income (loss) per share - diluted $ 1.72 $ (0.68) $ 2.55 $ (1.87)
Weighted average shares outstanding - basic 95,012 91,046 94,349 90,215
Weighted average shares outstanding - diluted 115,830 91,046 109,780 90,215
Condensed Statements of Comprehensive Income (Loss)        
Net income (loss) 191,468 (62,365) 279,862 (168,317)
Other comprehensive income (loss):        
Unrealized gain (loss) on marketable securities, net of tax 467 (827) (42) 760
Comprehensive income (loss) $ 191,935 $ (63,192) $ 279,820 $ (167,557)